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Budget Speech

International Maritime Centre

143. Hong Kong will further align with the national maritime strategic development, and elevate our status as an international maritime centre.  Meanwhile, we are striving to promote smart logistics and digital transformation in the industry, while expanding our cargo hinterland to secure more transhipment cargo.

Smart Port

144. The newly launched Port Community System (PCS) provides real‑time tracking of sea, land and air cargo, fostering free flow of information among different industries.  In addition, the PCS and Guangdong e‑Port are connected to provide value‑added services such as One‑Data‑Multiple‑Declarations. More than 3 000 companies have registered with the PCS.  We will continue leveraging the data provided by the PCS to bring greater values to the industry.

High Value‑Added Maritime Services

145. We will introduce an amendment bill in the first half of this year to enhance tax concession measures for the maritime service industry and provide a half‑rate tax concession to eligible commodities traders.  All these will further promote the development of high value‑added maritime services in Hong Kong.

146. To consolidate Hong Kong's premier position in ship registration, we will introduce an amendment bill this year to revamp the existing ship registration arrangements, including permitting dual registration arrangement to cater for the diverse operating models of international maritime enterprises.

Hong Kong Maritime Week

147. This year marks the 10th anniversary of the Hong Kong Maritime Week.  We will organise more large‑scale forums and seminars in collaboration with different international maritime organisations, with a view to enhancing Hong Kong's influence as an international maritime centre.

Green Shipping

Develop a Green Maritime Fuel Bunkering Centre

148. To develop Hong Kong into a green maritime fuel bunkering and trading centre, the Government will provide port dues concessions for vessels powered by green fuel as well as those carrying green fuels to attract more vessels to bunker green fuel in Hong Kong.  An incentive scheme will also be launched for green vessels registered in Hong Kong to encourage green transformation of Hong Kong fleets.  All these involve government subsidies of around $34 million.  The Government will take forward a legislative amendment exercise this year to provide more anchorages for green maritime fuel bunkering operations.

Synergy of Financial and Maritime Services

149.  The international maritime industry is undergoing green transformation. Substantial capital investments are needed for building new green vessels or retrofitting existing ones.  Hong Kong will leverage our strengths to promote the co-development of financial and maritime centres.

Open up New Cargo Sources

150. We are fully committed to establishing a comprehensive "rail‑sea‑land‑river" intermodal transport system connecting the inland region, striving to channel more inland cargo for export through Hong Kong.  The relevant legislation will be amended within this year to extend the current arrangements under the Air Transhipment Cargo Exemption Scheme to other sea transhipment and sea-air transhipment modes.

Smart Logistics

151. To develop Hong Kong into an international smart logistics hub, the Government will launch the Future Innovative Logistics Acceleration Scheme this year to drive the transformation of the industry and enhance the interconnectivity of logistics data, with a view to increasing the competitiveness of the logistics industry.

Modern Logistics Cluster

152. The Hung Shui Kiu/Ha Tsuen New Development Area is connected with the Qianhai Co-operation Zone and will become the centre for modern services in the NM.  The Government has reserved about 32 hectares of land for developing a modern logistics cluster and will invite expressions of interest from the industry for the development of the first site this year.

 

 

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